First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Up 60.1% in August

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 98,258 shares, an increase of 60.1% from the August 15th total of 61,369 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 106,857 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On First Trust Multi-Strategy Alternative ETF

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC grew its position in First Trust Multi-Strategy Alternative ETF by 186.0% during the 1st quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock worth $206,000 after purchasing an additional 5,499 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in First Trust Multi-Strategy Alternative ETF during the first quarter valued at $150,000. TrueWealth Advisors LLC purchased a new stake in First Trust Multi-Strategy Alternative ETF in the 2nd quarter worth about $230,000. Cetera Investment Advisers boosted its position in First Trust Multi-Strategy Alternative ETF by 13.1% during the 1st quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock worth $2,078,000 after acquiring an additional 9,928 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new stake in First Trust Multi-Strategy Alternative ETF during the 2nd quarter worth about $265,000.

First Trust Multi-Strategy Alternative ETF Stock Up 0.2%

LALT stock opened at $24.90 on Friday. First Trust Multi-Strategy Alternative ETF has a one year low of $22.42 and a one year high of $25.18. The firm has a 50-day moving average of $24.37 and a two-hundred day moving average of $24.46.

First Trust Multi-Strategy Alternative ETF Company Profile

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.